# The Russia-Ukraine grain agreement: What is at stake? | IFPRI

> IFPRI researchers analyse the Russia-Ukraine grain agreement reached July 22 and its effect on stored grain. They note that much of the 2022 wheat harvest and about 20 million tonnes of 2021 grain remain in storage. Wheat and corn prices had already fallen back toward pre-war levels by mid-July but remained about 50% above 30 months earlier.

- Date: 2022-07-27 · published 2022-07-27T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14475-the-russia-ukraine-grain-agreement-what-is-at-stake-ifpri
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Clearing the large stored Ukrainian stocks should add supply and reinforce lower wheat and corn prices, though prices remain elevated.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-10-18 | [Ukraine reduces the rate of grain exports, as Russia is stepping up](https://feedsoft.ai/events/62390-ukraine-reduces-the-rate-of-grain-exports-as-russia-is-stepping-up.md) | +0.3% | -3.9% |
| WHEAT | 2018-02-07 | [Russia has updated the record in the export of grain, Ukraine has entered the last year's pace](https://feedsoft.ai/events/66357-russia-has-updated-the-record-in-the-export-of-grain-ukraine-has-entered-the.md) | +0.3% | +2.2% |
| WHEAT | 2019-05-20 | [Russia and Ukraine Vie for Title of Top Grain Exporter - The Moscow Times](https://feedsoft.ai/events/58947-russia-and-ukraine-vie-for-title-of-top-grain-exporter-the-moscow-times.md) | +10.5% | +9.7% |
| WHEAT | 2017-01-24 | [News from Russia and Ukraine](https://feedsoft.ai/events/72852-news-from-russia-and-ukraine.md) | +1.1% | +4.6% |
| WHEAT | 2017-04-19 | [News from Russia and Ukraine](https://feedsoft.ai/events/71356-news-from-russia-and-ukraine.md) | +1.2% | -0.1% |
| CORN | 2018-10-18 | [Ukraine reduces the rate of grain exports, as Russia is stepping up](https://feedsoft.ai/events/62390-ukraine-reduces-the-rate-of-grain-exports-as-russia-is-stepping-up.md) | -2.2% | -6.8% |
| CORN | 2019-05-20 | [Russia and Ukraine Vie for Title of Top Grain Exporter - The Moscow Times](https://feedsoft.ai/events/58947-russia-and-ukraine-vie-for-title-of-top-grain-exporter-the-moscow-times.md) | +3.2% | +10.8% |
| CORN | 2019-07-02 | [bne IntelliNews - Ukraine takes “world’s large grain exporter” title from Russia](https://feedsoft.ai/events/57942-bne-intellinews-ukraine-takes-world-s-large-grain-exporter-title-from-russia.md) | +2.8% | +1.7% |

## Sources

- ifpri.org: https://www.ifpri.org/blog/russia-ukraine-grain-agreement-what-stake/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.